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20130104
20130112
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. they're not the only retailer under pressure this morning. jcpenney capping a bad week. >>> boeing under official view as a probe is taken on the plane. a cracked inshield and oil leak. >>> remember a cheaper iphone? a top apple executive said forget it. the company continues to focus on china. >>> we'll kick off with wells fargo, kicking off q4 results. the lending business came in a little bit lower than many analysts expecting. the numbers coming out after american express announced plans to cut 5,400 jobs and the s&p closed at fresh five-year highs. jim, it's been said, wfc, probably the most important report of the week. what kind of grade do we give it? >> the whisper was they weren't going to do this anyway. i don't know anyone would think they would -- people were certainly thinking because the stock market was 32, 35. maybe somebody knew something. but in the end, they didn't do the net margin. the numbers will come down. people will trim numbers on wells fargo. it is still the best bank. they have too much money. the deposit growth here is unbelievable. but in this enviro
to where the growth is, and a sign that margins may face more pressure? >> yet another setback for boeing and the 787. canceling a domestic flight after a computer erroneously signaled a brake problem. >> clearwire gets a bid. dish network offers 3.30 a share above sprint's offers. david faber has the details on this story. sending sprint lower in pre-market trade. >>> results from alcoa last night, rising in the pre-market after reporting fourth-quarter profits in line with estimates. revenues above forecasts. alcoa says it sees aluminum demand growth ul 7% this year. the previous forecast, jim, 6 to 6.50. not bad if you're looking for something global out of 2013. >> what europe taketh away china giveth. the ceo has really spent a huge amount in china. whether it be for autos, aerospace, whether it be for trucks, are so bullish, that they can offset whatever's happening around the world globally. remember, there's two components to alcoa. there's also the raw stuff which he said inventory is getting in balance. that's very important. and you've got the packaging, industrial, constructio
beau report, you watch the stock shrink as you see the smoke coming. boeing is one of the best-run companies in the world, would i fly this thing. but the technology of a new plane obviously challenged. >> interesting. >> we've had gordon bethune, he calls it a teething problem. which i guess happens with every new model. just rarely on such a public scale, right? this is an operation now. >> you need some gripe water. >> it still works. >> i don't know if you ever used that. that's a way to be able to -- when the kids don't feel well, teething problem. but i will point out, it may be a teething problem, but there's not been a cancellation of orders so to speak. but there was another united air, going to airbus, i've been saying the way to play the aerospace plays, is to go with the united technology. if one wins, and the other loses, it's just safer. >> a couple of points off a 52-week high here. do you switch over to others? >> i agree. there was a little note underneath us, like right there, oh, like a jimmy kimmel thing. it was the most exciting thing to happen in the game last night. we
reflected in shares of boeing which has ticked lower since these reports came out. there was a fire this morning on a 787 dreamliner parked at logan airport in boston. it is our understanding according to information we're getting out of boston that the fire has been put out. there were no passengers, no crew on the plane. what's unclear is what started this fire, whether it was something electrical, the plane, if there was something else. we've got a call into boeing to get more details. all we heard from boeing is they're going to be looking into these reports. so they're getting this information as quickly as we're getting this information. but the important thing to keep in mind here, carl, is that this is the fourth incident regarding a dreamliner. remember, we had the two reports from united of dream liners losing some power, some degree of power while in flight and then also a similar report regarding the first flight going over the qatar airways over doha. so now we have a report out of boston of a fire at logan airport on a 787 dreamliner, parked at a gate, no passengers, n
Search Results 0 to 3 of about 4